Azerbaijan and Bulgaria are eager to expand cooperation in all fields, where the sides see great potential, in order to achieve more visible results, Nikolay Yankov, Bulgarian Ambassador to Azerbaijan, reports Azernews.
The ambassador stressed that great cooperation in the energy field is already established between the states.
Azeri state energy company SOCAR has decided to acquire the energy business of Germany's EWE in Turkey, taking part in the natural gas distribution business in the country for the first time.
Turkish gas distributor Palmet is in talks to acquire the Turkey energy business of Germany's EWE, an official from Palmet said on Jan. 17, after Azeri state firm SOCAR confirmed it had withdrawn from discussions to buy the assets.
Azeri energy firm SOCAR is in advanced talks to acquire the energy business of Germany's EWE in Turkey by the first quarter of 2019, an official for SOCAR and two sources familiar with the deal have said.
Azeri state energy company SOCAR plans to supply its new refinery in Turkey with oil from different producers in Europe, the Black Sea region and the Gulf, the head of SOCAR's trading arm said in an interview.
Bulgaria plans to cover about 30 percent of its gas needs beyond 2020 with natural gas from Azerbaijan, reducing its almost total dependence on Russian gas, Energy Minister Temenuzhka Petkova said on Tuesday, reports Reuters.
The Balkan country has a contract with Azeri state company SOCAR to import 1 billion cubic metres (bcm) of gas a year from the Shah Deniz II field.
Azeri state energy company SOCAR plans to start up its new oil refinery in Turkey next week, a spokeswoman at SOCAR's Turkish division said on Oct. 9.